Published - January 19th, 2021
NPM Capital has acquired the majority of shares of Futurewhiz, parent company of Squla and WRTS, from international investment firm Levine Leichtman Capital Partners.
Serge Bueters, CEO of Futurewhiz: “We are very happy to announce the acquisition of Futurewhiz by NPM Capital. We believe that with NPM Capital as a partner, we will be able to realize our growth ambitions and our mission to help as much children as possible to make progress in a fun and engaging way through our popular platforms Squla, WRTS and Scoyo. It is more important than ever that primary and secondary school students are provided with additional support in their education. With the active support of NPM Capital, we will be able to accelerate our (inter)national goals and to give extra support to millions of children in primary and secondary schools in the Netherlands, Germany, Belgium and Poland. We are also very thankful for the support Levine Leichtman Capital Partners has given us. Together with the management, LLCP has made significant investments in the growth of our two platforms and has prepared Futurewhiz for the next phase”.
“With Futurewhiz we are able to add strong activities and well-positioned brands to our portfolio of participations,” states Bart Coopmans, Managing Director at NPM Capital. “Online learning is seamlessly aligned with our strategic investment themes and the social trends we have already observed for several years now. We believe we are able to support talented and skilled organizations and market propositions with growth capital and pave the way for a next phase in their development towards long-term growth and value creation. As mother company of Squla, Scoyo and WRTS, Futurewhiz has a strong track-record and market position. We are really looking forward to fully make use of this growth potential together with Futurewhiz”.